2023
Exports
$3.76MWorld Rnk 81 / 207
Flag Rnk 96 / 630
2023
PRODUCT COMPLEXITY IN Knit Men's Suits
-1.34Rnk 912 / 1025
2023
Imports
$2.64MWorld Rnk 138 / 221
Flag Rnk 310 / 1073
2023
ECONOMIC COMPLEXITY of Laos
-0.89Rnk 107 / 132

About

Exports In 2023, Laos exported $3.76M in Knit Men's Suits, making it the 81st largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 96th most exported product in Laos. The main destination of Knit Men's Suits exports from Laos are: Japan ($1.49M), Germany ($632k), Ireland ($353k), Thailand ($333k), and United States ($264k).

The fastest growing export markets for Knit Men's Suits of Laos between 2022 and 2023 were Japan ($1.15M), Germany ($629k), and Thailand ($231k).

Imports In 2023, Laos imported $2.64M in Knit Men's Suits, becoming the 138th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 310th most imported product in Laos. Laos imports Knit Men's Suits primarily from: China ($2.04M), Netherlands ($427k), Thailand ($171k), Norway ($648), and Poland ($231).

The fastest growing import markets in Knit Men's Suits for Laos between 2022 and 2023 were Netherlands ($427k), Thailand ($22.4k), and Norway ($648).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Knit Men's Suits. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.76M
IMPORTS (2023)$2.64M
NET TRADE (2023)$1.12M

In 2023, Laos exported $3.76M in Knit Men's Suits. The main destinations of Laos exports on Knit Men's Suits were Japan ($1.49M), Germany ($632k), Ireland ($353k), Thailand ($333k), and United States ($264k).

In 2023, Laos imported $2.64M in Knit Men's Suits, mainly from China ($2.04M), Netherlands ($427k), Thailand ($171k), Norway ($648), and Poland ($231).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Laos WERE (2022 - 2023):
Japan$1.15M (336%)
Germany$629k (16.4k%)
Thailand$231k (227%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Laos WERE (2022 - 2023):
United Kingdom-$1.11M (-90.9%)
Sweden-$172k (-94%)
Netherlands-$73.4k (-99.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Laos's main exporting competitors in Knit Men's Suits were:
In 2023, Laos's main importing competitors in Knit Men's Suits were:

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited Kingdom+ $441k
TOP IMPORT POTENTIALChina+ $1.48M

Knit Men's Suits’s highest export potential is United Kingdom. With an export gap of $441k.   Knit Men's Suits’s highest import potential is China with an import gap of $1.48M.

See methodology.

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